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brazil, china, india and russia gang up on the united states. he says it's a bad idea for america to be number one, he calls that america and germany, he wants to end it, he wants two, three, four, and five to come together and pull america down. >> lou: and why is such a man tolerated? what is the point? what does he bring to the students of harvard university? what kind of madness, like the fools who thought that the euro would replace the dollar and wonderfully sophisticated trans atlantic geniuses thought the dollar's days are done. haven't we had enough of that nonsense. >> this guy is not only tolerated, but separated and of course, obama took his courses and retained a close relationship and when the 2008 election, he skipped town, i'm a leftist and revolutionary, if anybody connects me with obama, it's going to hurt obama. he's a cocoon that protect the sillness and represent some insight into the future, and-- you're right the problem is when it's taken by a guy in the oval office to endorse pablam, and encores in the united states. >> and tell when what it means when the
and three other americans assassinated by radical islamists. their bodies returned to the united states. a solemn ceremony with president obama and secretary of state clinton. among those honoring the murdered americans at andrews air force base earlier today. >> mrs. clinton praising the murdered americans for their courage and sacrifice to our country. the people of egypt and libya and tunisia did not trade the tyranny of a dictator for the tierney of a mob. lou: a precisely timed two-part operation under cover of more than 200 demonstrators angry at an anti-mohammed movie. the protesters stormed the consulate, armed militants traveled to a nearby safe house to attack the evacuated americans. libyan officials say the people within the governments own security forces to stop the terrorists to the safe houses location. the unrest is spreading beyond the region. violence erupted in tunisia and the german embassy set afire. american fast food restaurants also torched. demonstrations in afghanistan. palestinians and in jerusalem protests in america. american flags were burned outside the e
and conducted throughout much of the muslim world today. in indonesia, the united states forced to close all diplomatic areas. shouts of death to america filling the air. coffins draped and american flags were burned. in malaysia, u.s. citizens told to stay away from the american embassy. this development tonight. the libyan government admitted they will be of little help in the search for the killers of ambassador chris stevens. a surprised expression of empathy and comprehension from president obama who said he understands why the muslim world has erupted in the demonstrations marked by all out american hatred. >> the natural protest that are because of the video were used as an excuse by extremists to see if they can also directly harm u.s. interests. lou: also surprising president obama declining to cease the opportunity to champion the americans right to free speech or address the relationship between the united states and the muslim world. we take all of that up here tonight with former u.s. ambassador to the united nations john bolton and robert maginnis and douglas holtz-eakin joins
at this crisis? speak of the united state unites attacked september 11, 11 years ago, and united states attacked september 11 yesterday. what does that mean? the united states territories, the embassy, it was egypt and libya. were they coordinated attacks? when the president came out, as you rightly did, he should have followed that by saying these attacks are not going to be tolerated, we will hold the host governments responsible for this. some indication even in egypt there was advanced warning these attacks are coming which is why the americans had gotten out of that embassy. the president of the united states needs to say to those countries who will hold you responsible, have to protect our people, you have to have better protection of our people and if you don't do that we will reassess our relationship with you because if you don't stand strong right now, this is what happened to jimmy carter and why ronald reagan was elected. jimmy carter did not do something strong. he apologized, said let's try to negotiate and that is the kind of response i heard from president obama. dagen: did we ha
obama of the united states was helping to rest that. now we are, 18 months later, they burn the american flag in the streets, anti-american movements all over, killing u.s. ambassadors, attacks united states' embassies. where have we come in 18 months, and at the same time, the president of the united states rather than asserting america's leadership role in the world is off to campaign. lou: off to campaign, and mean while, some is public perception, and that is four more missiles fired by the iranians, seems that they have an unlimited number to show off whenever ahmadinejad makes a major appearance or makes a major point, and at the same time, we have the chinese with a vigorous space program underway, the russians, and the principle space power because they're the only ones who can routinely go into space to reach the international space station in lower earth orbit. it is a bizarre retreat of american power and technology and advancement and to hear that the very people who we have been, you know, so concerned about, ie, iranians, are seemingly carrying out an aggressive space polic
. there's no way you can shut down outrageous speech in the country of the united states, it's going to happen, but if the responsibility of responsible officials in egypt and other countries throughout the world to take actions to protect embassies and they are the ones who are responsible, and the extremists sure -- stirring up the crowds are responsible. talking about the video really is to distract from the real problem. gerri: you have a lot of experience in these proceedings as deputy secretary of defense under george w. bush. people staid it's bush's fault the arab world is in unrest today. do you agree? how do you respond? >> i don't at all. look, these extremists were breeding in the arab world for years under horrible dictators. 9/11 happened with basically before george w. bush even appeared, and i believe in fact that the dictatorships of the arab world gave credit the to the extremists who attacks the governments for denying freedom to their people. sooner or later, those governments collapse both because of age and also, frankly, because ashes want freedom as well, and
. >> 33 years of service to the united states deserves something. >> iran's president has repeatedly turned down meeting requests from levinsoavvilevinsn the past. >>> a man jumped into the bronx zoo because of a desire to be with the tigers. he jumped from the monorail yesterday into the pit where a tiger bit him. rescuers helped move the tiger away from the man. >> is the tiger going to be put down? >> no, absolutely -- as i said, the tiger did nothing wrong in this, did nothing wrong in this case at all. >> 25-year-old man is in stable condition with a broken shoulder, rib, pelvis, and ankle. he will be charged with trespassing. >>> the filmmaker behind that anti-muslim movie that has caused outrage in several countries is said to be in hiding, and he may need the stay there. a pakistani minister says he'll pay for his death. he says he feels it's his duty as a muslim to do that, and he is inviting two of his enemies to carry out the assassination. >> i have announced today anyone who murders him, i will reward with 100,000 u.s. dollars. i invite the taliban and al qaeda brothers
surveillance in the united states. after their two weeks of work, lawmakers will likely only finish government spending, maybe disaster aid or benefits for needy families. it is very unlikely congress resolves anything on taxes, fiscal cliff, post office reform, or the farm bill. and a top house republican blames it on the senate and says it is all democrats. >> the u.s. congress has been working quite a bit. it's the u.s. senate that's been stopping everything. so we don't know how much comes to fruition, but we do know we will get things through the house, but when it gets to the senate -- [inaudible]. rich: democrats say it is the republicans fault. in an op-ed in politico, it says since president obama took office republicans have done little but obstruct and delay. democrats have offered their plans. republicans theirs. neither sees the political benefit of negotiating any of this until they know who wins in november. connell: rich, thank you. rich edson in d.c. for more, let's bring douglas holtz-eakin in, former cbo director, also in washington. it's almost a joke to us after a while, t
, colorado. the president of the united states stopping. >> tens of millions of americans with preexisting conditioning by repealing reform. he calls it obama care. i like the name. i do care. we thought to pass that law for families like ryan's. we know the heartbreak of a broken health care system. i don't mind if folks think i care, i do care. and i don't know exactly what the other sides' proposing. i guess you can call it romney doesn't care but this law is here to stay. we are not going to refight the battles of the last four years. we are going to implement this law and make the health care system work for families all across america. it is time to move forward. that is the choice in this election. of course, this isn't just the only battle that they want to refight. they want to refight battles we thought were settled in the last century. in november you will have some say as to whether women should be trusted to make their own health care decisions. i think they are. you'll have some say as to whether students who were brought here by their parents as infants and have gone to scho
people especially in the united states are saying no, thest a matter of free expression. the president of one of those groups was on cnn this morning. >> the only kind of hate speech that is illegal in the united states is when it incites imminent lawlessness and i think google is correct that the video in question did not meet that standard. >> google, which owns youtube, constantly having to make subjective decisions about what videos are okay. >> interesting. but this ist over because the white house has been asked to weigh in on this as well. >> the extent was asking youtube to take another look at it and then they said no, we're not going to do it. what you do have all the time, this is what's so fascinating about the way technology is changing the world. there are so many difficult decisions youtube has to face. for example, they say they don't all allow gory vooid, violent video, then you get these videos out of syria that show gore and violence. what we found is a youtube official who gave a talk a few years ago who said there's something they take a look at. to see whether a v
. there is the united states of america. there is not a black america and a white america and latino america and an asian america, but there is the united states of america. >> from the first time he took to the kconvention speech as th keynoter in 2004, there has been no doubt that barack obama can step into the spotlight and dazzle. four years later in denver, the optics match the excitement for the presidential campaign with greek columns surrounding him in front of a crowd of more than 75,000, and the democratic nominee delivered an electric speech. >> out of work, tough luck, you are on your own. no health care? the market will fix it. you're on your own. born into poverty? pull yourself up by your own boot straps, because even if you don't have boot, you are on your own. well, it is time for them to own their failure. it is time for us to change america, and that's why i'm running for president of the united states. >> this week in tampa, the republicans argue that barack obama is a great talker who doesn't deliver. it frames a dilemma for the third speech at a democratic national conv
as president of the united states. they'd like to hear some specifics. >> well, i can tell them specifically what my policy looks like. i will not raise tacks on middle income folks. i will not lower the share of tacks paid by high-income individuals, and i will make sure that we bring down rates, we limit deductions and exemptions. >> what are we talking about, the mortgage deduction, the charitable deduction? >> the devil is in the details. the angel is in the policy which is creating more jobs. >> right. freedom, check. angels, check. throw in the towel, mr. president. this guy is going to obviously win. let's get right to our panel. in los angeles msnbc contributor matt miller. in minneapolis anna marie cox, correspondent for "the guardian" and in washington msnbc political analyst karen finney. anna, if i might begin with you, in listening to mitt romney's responses this weekend and looking at the diagnosticcle and statistical manual of mental illness he appears to be suffering two forms of delusion, grandiose delusion where the individual has an inflated view of himself and also perscu
if they so choose. but he is acting as the government of the united states in the absence of one. >> that is very well put. congressmen, always great to have you. congressmen emanuel cleaver. he gave the best speech of that convention. neil: out of this world spending. guess what? it is cheaper to buy a home now than it is to rent. how that could be more food for thought. next, with it looks like more people are avoiding big banks. the founder of kinko's with the spark cash card from capital one, olaf's pizza palace gets the most rewards of any small business credit card! pizza!!!!! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! put it on my spark card! [ high-pitched ] nice doin' business with you! [ garth ] why settle for less? great businesses deserve the most rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] ma
economy and that's why the united states must do what we must to prevent iran from obtaining a nuclear weapon. >> and that's president obama speaking at the u.n. yesterday and ahmadinejad speaks today. in the next hour, the american muslim's response from the american islamic forum for democracy. joining us at 10:15. and elizabeth warren making headlines again, but do you remember this? >> in this country, who got rich on his own, nobody. you built a factory out there good for you, but i want to be clear, you moved your goods to markets on the roads to paid for. >> the woman who started the income envy debate with that rant. turns out she was getting paid by a steel company and that against the unions. could it be true? and that's not all. questions whether she's licensed to practice law. that is just one of our new at ten stories. and then we have barnes & noble. it's got a lighter and thinner e-reader. so, nicole, is the stock up? >> oh, yeah, the stock is up lighter, thinner, high def. you want 7 inches, you want 9 inches, want to be able to read in the dark and do you want a strong
together since both the united states federal reserve and the bank of japan lored interest rate policy and put in additional stimulus in the global economy. last night silver and gold cracked, and there were a lot of people shaking their heads as to why the metals cracked, and there is perhaps talk out there there were large derivative positions out there that perhaps silver gets above $36 an ounce, you could see a large short covering trade. so be careful. but the fact that gold and silver cracked in this global, aggressive central bank easing campaign doesn't make sense either. david: no, no. of course, it was a crack. it may come back. john, we're going to be talking more to you when the s&p futures close in just about ten minutes. thank you, john. liz: thanks john. let's bring in maury, chief investment officer of relative value partners and david steinberg. both these gentlemen a lot of experience in the markets and a lot of money that they work with. david, you're a bit more optimistic right now, and as we look at the s&p 500 which is certainly up over the past year, pretty stron
. plunging 4%. david: united states ambassador to the united nations and ambassador to libya presented two different views of events that led to the death of our ambassador and three others. take a listen. >> that information is the best assessment we have today in fact this was not a pre-planned, premeditated attack. >> the way they acted, leaves us with no doubt that this is preplanned, predetermined. david: to exactly different answers to that question. it could lead to billions of dollars of investment for libya, something of great interest to our next guest. a member of the libyan royal family joining us now, good to see you again, thank you for coming in. on whose side do you fall on this issue? the president of libya or the u.s. ambassador? was it a planned attack or was it spontaneous? >> it was a planned event which was the work of qaddafi supporters. they have no shame in want to disrupt the democratic process in libya that have taken place right now. david: if it was a planned event, and we know that particular consulate was under increased threat over the past week or so, she d
have the president of the united states, vice-president of the united states and dignitaries, both local and federal will be ready, harris. >> we've seen some interesting venues from the president, from the greek columns for one speech. what's the venue for next thursday night? >> well, thursday night, the president's going to give his big address at the home of the carolina panthers of the national football league, and the football stadium here where cam newton and the guys play their home games and holds 74,000 people and we're not expecting greek columns, but an event democrats are hoping to fill it up so that show that the president has strength in a key battle ground state in north carolina. >> mike, appreciate the report tonight. and now this. the reverend sun myung moon has died. the self-proclaimed messiah, with a doctrine loosely based on christianity, followers known as the moonies you may know. and his church stirred controversy for holding mass weddings in the 1970's and '80s, he passed away in south korea, born in what is now north korea. the washington times, the news
than you have. and they are all available to the people of the united states of america. the house and nothing moves in with the republicans wanted to her. and they are in the senate. but they are available to the american people. neil: the president also say that i have a record. >> yes, sure. first, he's going to say that i have plans, using do you have plans. let me see your plans and frankly -- i will support it on the spot. but don't tell me that you have plans, but not details of plans. nixon did that. [talking over each other] [talking over each other] >> this is a very important point. if he holds his plans, i don't care about how much money he makes, he can tell whatever stories he wants. that doesn't bother me. but if you say that you have plans and he won't show them until after you win, -- neil: enough about his general across the board -- [talking over each other] neil: his plans are indeed his record. what is good for the goose has to be good for the gander, right? >> i think he's going to win the. neil: who is going to win? >> obama. he will win by a small margin and
of the united states. stuart: we will get to why the polls don't reflect your position in a moment. mark lanier. would you want to sue the establishment media for their misleading the public? >> the media is allowed to say what they want and allowed to be selective and allowed to be 1-sided as opposed to fair and balanced. stuart: when you agree that they are. the establishment media is in the tank for obama? >> i would modify it slightly because i consider fox -- [talking over each other] >> by definition fox is the media that people watch. you got the ratings. i am going to nicole petallides. two smart phone stocks. research in motion. give me the number because it is up. >> we are seeing research in motion up 13%. we were looking at this stock earlier in the weekend throughout the week we heard they were adding subscribers. blackberry can getting great reviews. now we are hearing about the cash being built up in their quarterly numbers and the outlook for a huge marketing campaign for 2013 so here you go. great day. stuart: give me apple which is going the other way. is apple down? >> they w
, and even this year, abroad in markets, europe or the united states, and so there's tremendous amount of appetite in china, and also, begin the rise in wealth, the absolute population, there's very few resort locations in most of asia. we're seeing a tremendous growth in demand, whether it's china, bali, coast of thailand, and here as well. >> well, the united states is still the number one market. how do you feel about the domestic u.s. economy? and the stock, itself, over the last year, your stock up 35%. do you feel you can keep the growth going for shareholders? >> yeah, so first of all, in terms of u.s. market, here's what's going on. the u.s. economy, clearly, in a slow recovery, relative to the depth of the recession that we all went through in 2009. on the other hand, for more than a decade now, unlike other forms of commercial real estate, the hotel market has not been built out. it's been built out actually below trend line over the time period. although we look at 8% plus unemployment in the u.s., we're looking at occupancies that feel more like a late business cycle meanin
at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. >> if we continue this, it will be a disaster. that is the anxiety of the country. i keep saying winter is coming and you better understand that. charles: that was during our last hour reacting to mitt romney's slip in the latest polls. remember you have to tune in every day at 9:20 a.m. eastern time for farney and company. the dow is kind of fighting back here. let's take a look at gold. still down seven dollars. 17.33. not a big change in gas prices over the weekend. the national average still $3.82. he still holding out $4.11. president obama attacked mitt romney's plan. on friday in new hampshire, the president defended his administration for creating jobs. >> today we learned that after losing 800,000 jobs a month when i took office, business once again added jobs for the 30th month in a row. a total
to keep order. it's sort after metaphor what's happening in the united states and countries all around the world where you have, you think you can solve every problem by new regulation, and you have so many different regulations concerns unsportsman like conduct. about ten of them delay of games and illegal, tackler using a helmet to butt. too many regulations for problems on the field. >> and so should the nfl cave and pay more to the regular refs to get them back? >> no, too many-- >> we're going to get e-mails on this, and we will watch whether we've got replacement refs or regular refs. >> we'll watch. >> of course we will. >> and i'll watch, there you go. >> two stories from two states, each will make you angrier than the next, first, union heads give chicago teachers a goldstar for their strike, that shut down schools in seven days, and then, there is california, the formerly golden state where the governor is set to sign a bill that could push even more businesses right out of the state. next. ♪ stuart: new at 10:00 a.m., a truly only in california story. all signs point to je
. >> it is interesting. houston brought us the moon. in the future we're going to bring the united states and the world mars. humans on mars. it is an amazing thing. melissa: how far away is that? >> we're out there in the 200 time frame. melissa: really? >> we're moving forward taking stepping stones approach we did in the 1960s. that decade we used step by step moving towards the moon. we'll do the same thing moving towards mars. melissa: to some extent it seems like americans have lost their fascination with space. you know, it is not right at the forefront of everyone's minds any longer. how do you bring that spirit back? it is alive and well in houston but i don't think the rest of the count try. >> it was great to see the excitement around the shuttle. melissa: that's true. >> inspiration is with young people. more applicants, second largest group of applicants for the next astronaut class than there's ever been. melissa: yeah. >> so i think students are still inspired by space. the outpouring around the passing away of neil armstrong and sally ride, we mourned that but just demonstrates i think
back the president of the united states, is to? former new hampshire governor. well bin bernanke's announcement was about stimulating the economy, it was also about stimulating the president's poll numbers. the governor does not think that this will have the desired effect. governor, this is a fairly blatant move with little more than 50 days to go until the election. it really could have waited. why do you think it happened the way it did? >> i am not sure if it was overt or just the psychological pressure on the back that told him to do it now, but -- neil: why do it now? you would do that now? >> no. if he was going to do it he should have done it for five months ago. obviously it was not appropriate then. it is probably -- it is a problem now. look. what he has done is not a qe3. it is to the infinite. there is no timeframe. there is no limit to the amount. he just says, we are going to do 40 billion a month on mortgage-backed securities. then the next paragraph he says, and we might move to purchasing this is going to clobber, i believe, in the long run the dollar, and it is
that this is all lies. that you are going to make a nuclear weapon? >> this information that the united states announced to the people is wrong. >> reporter: and the iranian spokesman calls threats by israel to attack nuclear facilities "a joke." but if there was an attack? >> if they attack, they maybe assert this bad behavior but they cannot stop the reaction. >> reporter: and the reaction would be militarily from iran? >> maybe anything. everything is on the table. >> reporter: this summit will make it harder for the u.s. to argue that iran is isolated but nothing has changed the minds of the u.s. and especially israel that iran is making progress towards a nuclear weapon. >> thank you, martha. >>> still ahead on "world news" -- >> what was really behind that showdown between dirty harry and an imaginary president obama, the real clint eastwood, tonight. copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflamma
, 129 inmates, are free after a daring escape just three miles from the united states. this border crossing at eagle pass, texas is on alert and residents of the sleepy border city have been warned to call police if they see strangers. mexican prosecutors say the escapees, including many members of violent drug cartels, dug a tunnel through the prison's workshop. while a great escape through a tunnel may remind you of the "shawshank redemption," in this case it wasn't just one escapee. all 129 squeezed one by one through an opening a few feet wide. they used ropes and electric cables to pull themselves to the guard tower where they tied up the guard. next they cut the chain link fence that stood between them and freedom and ran for it. authorities think the tunnel had been around a few months and doubt the inmates dug it without anyone knowing. in fact, police have detained the prison director and a dozen guards suspecting this escape was an "inside job." tonight, mexican special forces are working to put the escapees back there. ryan owens, abc news, dallas. >>> now we have late n
in the united states was a ford taurus. tonight it has been two decades of frustration, expletives, could pounding and chest thumping because the bicycle ride people love to hate and they're gearing up for their 20th birthday party. joe vasquez is here with a big frustrating, or fun, depending on your point of view, birthday bash, for critical mass. >> a couple thousand people have gathered already, perhaps more than that, you can see the crowd at justin herman plaza and as i walk right at people from different countries, a man from italy, one from brazil, a couple from canada, the costumes are interesting, very colorful, if they're wearing them, there are at least five naked men in the crowd. and the atmosphere is very festive as they're celebrating two decades of taking over the streets of san francisco. >> on the last friday of the month, for 20 years, they have mounted their bicycles and claude san fransisco traffic.
to remember is that the united states went through a period where there was a sharp contraction through government. i am talking about the end of world war ii. since we have this. brief and cutbacks in government spending, the recession was painful but very brief and then we entered into a period of prolonged prosperity. we can't afford deep cutbacks and spending. we cannot afford very big increases by taxation. gerri: big increases by taxation. will that create another recession? there are lots of signs that we are going there already. >> that is true. we had indications of a worsening of business activity in europe and china. this is beginning to hurt u.s. exports. u.s. consumers and businesses, themselves, are shying away from major expenditures, especially business in terms of capital spending until fiscal cliff uncertainties are resolved. we are not going to resolve those uncertainties until we get the election out of the way. that is why these upcoming presidential debates and october will be of the utmost importance and they very much they have the power to move financial markets
the right to practice free speech. here in the united states countless publications provoke offense. like me the majority of americans are christian and yet we do not ban blasphemy against our most sacred beliefs. >> the president is one of 36 world leaders speaking today. tomorrow, mahmoud ahmadinejad returns to the united nations it. will be his last appearance as iran's president. back to you. lori: thanks for that. david lee miller from fox news. melissa: coming up tonight on "money" we'll have former new york city mayor rudy giuliani talking about everything we heard right there. as the president talks about reaction to the movie. it is his reaction to everything that happened appropriate? we have terrorists targeting our ambassadors in the middle east and we're talking about this movie. we'll get rudy giuliani's take on that the u.n. is in town. what does it cost us and is it worth it. lori: my mother-in-law is across the street. she is beside herselves on the traffic issues. melissa: what do we get about this whole thing? rudy giuliani coming up 5:00 p.m. eastern here on "money". lori
. this is supposed to be the post-racial era. within the first month we had the attorney general of united states tell us we were a nation of power on race, the president came on later to say the police officers acted stupidly resting henry louis gates. of any knowledge. it was another thing after another the allies of the president has said if you oppose the stimulus, you are racist. if you're against obama can health care reform are racist because you don't want the president to succeed because he is black. i said no, this is not what we were supposed to have herald, not the american milken four. we should truly be taking diversity as our fabric to say this is what this is country is all about rather than the ethnicity with the election of obama. lou: it was before his election, as you point out, the congressional black caucus, these are organizations devoted to the perpetuation of ethnic identity and interest. what i struggle with is how are those interest any different than anybody else of interest and why aren't they combined? isn't that what it is supposed to be all about? >> i devoted an e
on television and start telling us what he would do as president of the united states neil: what is he doing? he has more money. it started with all of this house a bill, did not spend it at the convention. the obama folks outspent 6-1. the argument was, resources and really get ready for the fall. but i am no expert. maybe that is a good strategy, but it is not proving that we now in the polls. what do you think? >> it is not proving that way because barack obama has in speaking about what barack obama watson to speak about. and that is where you lose. mitt romney has to talk about the issues that he wants to talk about. when you have unemployment going to the rich, more people on food stamps than ever before in this country and 30 embassies under siege, ambassadors being killed. who wants to talk about medicare? it gives you a headache. sector but the issues that concern all of america and what is going on in the world and what u.s. president are going to do to solve it. neil: 71 data that. i would talk about medicare. when you take a look at what's going on here, you do the math. these other
in ranking after ranking we are seeing the united states but is lower and lower. this is not a place for companies want to come. lori: what should we be spending in regulatory costs given are lackluster pay? >> it's going to get worse before it gets better. the administration's different after the election and an enormous amount of regulatory activity. the right thing to do is actually just sort of stop issuing new regulations for a while. take a timeout. then put in a system where if you want to add a regulation something else has to go. you're forced to pick and do it wisely. certainly congress there is no escape. we're hurting the economy. unless we change the laws, the regulations that implement them will state. lori: can you tell me or is it fair to suggest that these burdensome costs are actually shaving points of gdp? >> there is no question about that. again, if i told you there have been a $500 billion tax increase will be talking and howard slow gdp growth. we know the debt burden is slowing gdp growth. its other shock that we are crawling along at something under one-and-a
the united states will avoid the fiscal cliff. peter has more on this in washington. >> the package of tax breaks would not avoid the fiscal cliff, but the usual grab bag of so-called tax extensions that congress approves pretty much every year, big ones like patching the al ten -- alalternative minimum tax, but thanks to big time lobbyists and lawmakers from both parties who want to help companies back home, there are plenty of special interest tax breaks in the package, $78 million, for example, for auto racetrack owners for faster writeoffs of investments, and $248 million for movie and tv studios to keep production in the u.s. when other countries over deals, and deals for electric powered motorcycles to encourage energy goals. they justify all of them, of course, and it's hard to get rid of them. >> only right before an election, last thing members of congress want to do is talk about eliminating tax breaks that others claim help create jobs. >> get this, supporters claim they did get rid of some breaks, 21 provisions including that notorious tax credit for electric golf carts. the pa
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